Wells Fargo Commercial Distribution Finance Launches Financing Program with NPA

Wells Fargo Commercial Distribution Finance (CDF) is launching a new financing program with National Powersports Auctions (NPA). The program will give independent powersports dealers a breadth of inventory financing options to help minimize their capital outlays for pre-owned inventory purchases and maintain ideal inventory levels throughout the entire sale cycle.

“The pre-owned powersports market is growing rapidly and we are eager to deliver our products, services and expertise to NPA’s independent dealer community,” said Jeremy Jansen,‎ president Wells Fargo CDF’s motorsports group. “We look forward to expanding our relationship with the NPA team and bringing our portfolio of inventory financing services to a broader powersports customer-base.”

For over 40 years, CDF has worked with some of the industry’s leading OEMs and delivers inventory financing solutions to over 5,000 dealers nationwide. This program will expand CDF’s reach. Under the terms of the agreement, CDF and NPA will arrange financing on units purchased at their auctions.

“This opportunity is exciting and will connect thousands of independent dealers that do business with us to CDF’s additional solutions, helping them strengthen and grow their businesses,” said Jim Woodruff, COO at NPA.

The Sturgis Motorcycle Museum and Hall of Fame recently named Marilyn Stemp and Steve Piehl to its board of directors.

Stemp is a pioneering figure in the motorcycle industry, founding IronWorks Magazine with her late husband, Dennis, and becoming the first female editor of a nationally circulated, mainstream motorcycle magazine. She also revived their trade magazine, Iron Trader News; edits the monthly Kiwi Indian News; contributes to several powersports media outlets; and is the founding editor of Sturgis Rider Daily. Stemp is a noted editor and writer of several motorcycle-focused books. Her consistent support for charitable efforts in the industry include the annual Biker Belles Celebration, Las Vegas BikeFest and as campaign chair for the Sturgis Motorcycle Museum’s development plan in 2014. She co-founded the Flying Piston charity events taking place in Daytona and Sturgis each year and is a National Ambassador for All Kids Bike. Stemp was inducted into both the Las Vegas Motorcycle Hall of Fame and the Sturgis Museum's Hall of Fame in 2018, and in 2022 she was recognized as one of the Top 100 Women in Powersports by DealerNews.